English Edition

Mytilineos Breaks Gas Monopoly

Παρ, 13 Νοεμβρίου 2009 - 13:31

Metals and energy group Mytilineos will import liquefied natural gas (LNG) to Greece, breaking the monopoly held on the energy source by state gas company DEPA, it said yesterday. Mytilineos CEO Evangelos Mytilineos told an energy conference that by the end of the month his company will have imported by ship 65,000 cubic meters of natural gas purchased from Italy’s Eni.

Gas Cutoff Worries Linger

Παρ, 13 Νοεμβρίου 2009 - 13:31

Central and Southeastern European nations are better prepared for a potential gas cutoff this winter but have made little progress in weaning themselves off Russian supplies. Last winter, a contract dispute between Kiev and Moscow spurred the Russians to shut down a pipeline serving the region, leaving hundreds of thousands of people without gas heating in freezing temperatures and forcing businesses to close.

Total/CNPC Bid For Iraq Majnoon Field Was

Πεμ, 12 Νοεμβρίου 2009 - 19:41

PARIS (Dow Jones)--French oil major Total SA (TOT) and China National Petroleum Corp.'s offer for Iraq's Majnoon oil field was "balanced," a spokesman for the company said Friday, after the license was awarded to a consortium of Royal Dutch Shell PLC (RDSB) and Malaysia's Petroliam Nasional Bhd, or Petronas.

Turkish Bosporus Strait Closed Due To Heavy Storm – IHA

Πεμ, 12 Νοεμβρίου 2009 - 19:41

ISTANBUL (Dow Jones)--Turkey's Bosporus Strait has been closed to tanker traffic due to heavy storm, an official from the Turkish Coastal Safety Agency said Friday, the Ihlas News Agency, or IHA, reports.

DJ Shell-Petronas Consortium Awarded Majnoon Oil Field

Πεμ, 12 Νοεμβρίου 2009 - 19:40

BAGHDAD (Dow Jones)--A consortium comprising Royal Dutch Shell (RDSB) and Malaysia's Petronas has been awarded Iraq's Majnoon oil field, Iraqi Oil Minister Hussein al-Shahristani said Friday

Durbin: US Senate Likely To Impose More Sanctions On Iran In '10

Πεμ, 12 Νοεμβρίου 2009 - 19:40

WASHINGTON (AFP)--The Senate will likely approve a comprehensive package of tough new economic sanctions against Iran, but not until next year, a Senate ally of President Barack Obama said Thursday.

Iraq's Second Round Of Oil Bidding Starts

Πεμ, 12 Νοεμβρίου 2009 - 19:39

BAGHDAD (Dow Jones)--Iraq Friday opened the second post-war bidding round for international oil companies to develop some of the country's prized oil and gas fields. The licensing auction ceremony, opened by Iraq's Prime Minister Nouri al-Maliki, is offering 10 groups of oil and gas fields including the super-giants Majnoon and West Qurna-2, each holding more than 12 billion barrels.

Cyprus Won't Block Turkey's Process To EU

Πεμ, 12 Νοεμβρίου 2009 - 09:53

Blocking Turkey's progress towards European Union entry at a key December summit wouldn't be in the interests of long-term rival Cyprus, the Cypriot foreign minister said Wednesday.

Kazakhstan Uranium Production Up 61% On Year In 9 Months

Πεμ, 12 Νοεμβρίου 2009 - 09:51

Kazakhstan produced 9,535 metric tons of uranium in the first nine months of this year, up 61% from the same period a year earlier, state nuclear fuel company Kazatomprom said Wednesday.

Putin: Russia, Austria May Sign South Stream Accord Soon

Πεμ, 12 Νοεμβρίου 2009 - 09:49

Prime Minister Vladimir Putin said Wednesday that Russia and Austria are ready to complete preparations soon on signing an agreement on the South Stream gas project, Interfax reported.

Gazprom Neft Signs Agreement With Iranian National Oil Company

Πεμ, 12 Νοεμβρίου 2009 - 09:48

OAO Gazprom Neft (SIBN.RS), the oil arm of Russia's OAO Gazprom, signed an agreement with National Iranian Oil Company for cooperation in Iran.

Russian Government Urges Iran To Agree Nuclear Deal Soon

Πεμ, 12 Νοεμβρίου 2009 - 09:46

Russia urged Iran again Wednesday to give a prompt and positive response to a U.N.-drafted plan aimed at easing international concern over Tehran's nuclear program.

E.ON Expects Net Debt At End 2009 To Be Below End 3Q Level

Πεμ, 12 Νοεμβρίου 2009 - 09:44

German utility E.ON AG's (EOAN.XE) Chief Financial Officer Marcus Schenck Wednesday said the company expects its economic net debt at the end of 2009 to be slightly below the EUR46.18 billion it reported as of Sept. 30.

Pollution and Waste Growing

Τετ, 11 Νοεμβρίου 2009 - 17:01

Atmospheric pollution and inadequate waste management continue to pose a problem in Athens and other major Greek cities, while the risk of desertification has intensified in the provinces, according to the first study carried out by the National Center for the Environment and Sustainable Development (EKPAA).

Cyprus energy

Τετ, 11 Νοεμβρίου 2009 - 16:59

Cyprus invited expressions of interest yesterday for the supply of liquefied natural gas (LNG), a precursor to a selection process for gas coming online by 2014. The island seeks a supplier that can provide LNG for 20 years, in an attempt to wean it off the carbon-belching heavy fuel now firing its energy grids.

Elin to build 3-million-euro plant for Weidenhammer

Τετ, 11 Νοεμβρίου 2009 - 16:58

Elin Technical, 100 percent-owned by fuel company Elinoil, has signed a 3-million-euro deal to build a factory plant in Oinofyta, north of Athens, for Weidenhammer Hellas, it said yesterday. The construction of the 4,000-square meter plant is scheduled for completion by March next year.